Post
Topic
Board Securities
Re: [GLBSE] ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
DeaDTerra
on 10/08/2012, 21:24:26 UTC
If ASICMINER beats BFL to production and complete units, How do you plan to address the 51% issue..

Example  ASICMINER builds 30 T/hs of equipment.  BFL 0.  Network is at say 15 T/hs.

ASICMINER will then be 66% of the network.. 

This could be a problem.... 
Yea that won't be a problem. The network is huge, even with massive production of ASICS it won't reach 51% and even if it would, they would have no incentive to attack the system as their whole investment is based on the Bitcoins they mine and that they can sell them off to make a profit. If they each 51% I suggest mining a p2pool.
//DeaDTerra